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Ford plans to add 5,750 U.S. factory jobs under the deal, on top of 6,250 it announced earlier this year, for a total of 12,000 jobs by 2015. It also pledged to invest $4.8 billion in its U.S. factories.

Additional details were expected after a meeting with local union leaders in Detroit. The deal is subject to a vote by Ford’s workers. Voting is expected next week.

If they agree to the contract, Ford’s 41,000 hourly workers will get $1,000 more as a signing bonus than the $5,000 bonus GM workers got under an agreement ratified last month. The GM agreement also gives most workers profit-sharing payments instead of annual raises. Ford’s agreement is expected to follow that pattern.


Anheuser-Busch to invest $1 billion in U.S. facilities

ST. LOUIS — Anheuser-Busch plans to invest $1 billion in its U.S. breweries and other facilities by 2014.

The St. Louis-based brewer of Budweiser and Bud Light said the money allotted for projects this year will go toward modernizing its brewing processes, upgrading its systems to reduce greenhouse-gas emissions and installing equipment for new products.

Anheuser-Busch is the leading American brewer, but like most companies doing business in the U.S., has continued to see demand for its products fall as the tough economy wears on consumers. Its parent company, Belgium-based Anheuser-Busch InBev, the world’s largest brewer, reported that its second-quarter profit rose by more than a quarter as higher sales in China made up for soft demand in the U.S. and Brazil.

Meanwhile, Anheuser-Busch is reinvesting in the business to boost efficiency and productivity, and in turn, profitability.


Pot shop hit with $2.4 million tax bill

SAN FRANCISCO — The federal government has found a new weapon in its war on marijuana — the tax man.

The founder of a major San Francisco Bay area medical marijuana dispensary said Tuesday he has been hit with a $2.4 million tax bill following an Internal Revenue Service audit of Harborside Health Center’s income tax returns from 2007 and 2008.

The back taxes, penalties and interest resulted from an IRS determination that a tax code prohibiting cost deductions for businesses that traffic in illegal drugs applies to Oakland-based Harborside.

Harborside CEO Steve DeAngelo says the deductions the IRS disallowed includes standard operating costs such as rent, payroll, employee health insurance and licensing fees.

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